Hajj Funds to Infrastructure, What is the effect fo Sharia Banking?

By : Wiyanto Dan Aldo Bella Putra | Wednesday, August 09 2017 - 18:21 IWST

5166
5166

INDUSTRY.co.id - Jakarta- Haj funds are planned to be invested in infrastructure. Currently, these funds are invested in syariah banking deposits and Sharia State Securities (SBSN) and sukuk. With the investment plan to infrastructure, allowing, Third Party Funds (DPK) sharia banking drastically drained. The current total haj funds amount to Rp95.2 trillion.

Though we know, Islamic banking has not been enjoying shifting haj funds from conventional banks to sharia. Suddenly Hajj Finance Management Agency (BPKH) which recently inaugurated directed the president to add investment instruments, namely to infrastructure.

Then what is the opinion of Bank Syariah Mandiri (BSM) regarding the plan of Haj investment instrument to infrastructure? According to BSM's Wholesale Banking Director, Kusman Yandi said the hajj fund in general is expected to be the same in sharia banking, although the percentage will decrease.

"So far, 60% of Haj pilgrimage is allocated in sharia banking. For three years it will shrink to 50%. However, the value will be the same as the growth of annual haj funds of Rp 7 trillion to Rp10 trillion," he said in Jakarta, Wednesday (9/8/2017).

Unfortunately Yandi, has not much to say about the possibility of haj funds in BSM will be eroded. With the depletion of Haj pilgrimage, it is not impossible that sharia banks will lose their pilgrims' cakes, even if they do not disappear altogether.

In the near future, BPKH plans to create a virtual account for every prospective pilgrim who has deposited funds. Through the virtual account can be seen how the benefits obtained from the management of pilgrim funds.

BPKH targets to increase profit from management from 5.7 percent to 8 to 10 percent. During this time, haj funds are only managed through the purchase of State Sharia Securities (SBSN), Sukuk and syariah deposits.

News Comment

Today's Industry

SUNeVision Initiates MEGA IDC Phase Two Development

Jumat, 28 Maret 2025 - 22:21 WIB

SUNeVision Initiates MEGA IDC Phase Two Development

SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

 PT Metrodata Electronics Tbk (“MTDL”)

Jumat, 28 Maret 2025 - 22:07 WIB

TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary

PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Wireless Logic

Jumat, 28 Maret 2025 - 22:00 WIB

Wireless Logic Selected By Thales As IoT Connectivity Partner

Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Microvista Expands International Presence with Mobile CT System ScanExpress

Jumat, 28 Maret 2025 - 21:53 WIB

Microvista Expands International Presence with Mobile CT System ScanExpress

The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…

Pekerja Industri Tekstil

Jumat, 28 Maret 2025 - 21:44 WIB

Turning Loss into Profit, INOV Optimistic in Maintaining Positive Performance this Year

PT Inocycle Technology Group Tbk (INOV:IJ) Indonesia's leading and largest PET waste recycling Company managed to book sales of IDR 629 Billion in 2024, an increase of 4.8% compared to the previous…